Forex Signal For EUR/USD: A Short Pullback Expected With High Probability.
Forex Signal For EUR/USD: A Short Pullback Expected With High Probability.
The
EUR/USD pair had its best week since 2020 as the US dollar fell.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 1,0200.
- Add a stop-loss at 1,0420.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: A Short Pullback Expected With High Probability.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0500.
- Add a stop-loss at 1,0250.
The EUR/USD price continued to rise as investors embraced risk aversion following weak US inflation data, hitting 1,0358, its highest point since July of the year.
It has recovered over 8% from its lowest point this year.
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